Assume that the couple does not make the conversion but, instead, establishes a separate Roth IRA in
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- Assume that the couple does not make the conversion but, instead, establishes a separate Roth IRA in the current year and properly contributes $2,000 per year for four years, at which point the balance in the Roth is $21,000 (contributions plus investment earnings). At the end of four years, they withdraw $12,000 to pay for an addition to their house. What is the amount of withdrawal that is taxable, if any?
Related Book For
Fundamentals Of Taxation 2015
ISBN: 9781259293092
8th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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